Cleanaway stock faces AUD 9.3 billion EQT takeover
Published on 11/03/2026 at 20:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSTakeover Terms And Next Steps
- EQT has signed a binding scheme implementation deed to acquire all Cleanaway shares.
- The board recommends the transaction, subject to an independent expert and shareholder approval.
- Completion is expected by the end of March 2027 if court and regulatory conditions are satisfied.
Cleanaway stock remained in focus on Tuesday, November 3, after EQT agreed to acquire Australia's largest listed waste management company. The binding scheme gives shareholders cash consideration, while completion still depends on several approvals.
EQT sets cash takeover terms
EQT Infrastructure VI agreed on October 18 to acquire 100 percent of Cleanaway Waste Management through a scheme of arrangement. Under the terms announced by EQT, shareholders would receive AUD 3.095 in cash per share, subject to adjustments for further dividends or other distributions. The consideration implies an enterprise value of about AUD 9.3 billion.
Cleanaway's board unanimously recommends the scheme in the absence of a superior proposal and provided an independent expert concludes that it is in shareholders' best interests. The transaction would give EQT ownership of the company's collection, recycling, treatment, resource recovery and disposal platform across Australia.
Approvals set the transaction timetable
The scheme requires approval from Cleanaway shareholders and the Federal Court of Australia, along with required regulatory clearances and other customary conditions. EQT expects implementation by the end of March 2027, subject to those conditions being satisfied or waived where permitted. A scheme booklet containing the independent expert's report and meeting details is expected later.
Cleanaway shareholders are not required to take action at this stage. For investors, the key near-term milestones are the release of the scheme materials, the shareholder vote and the court process. The cash structure provides a defined transaction consideration, but the timetable remains conditional until the approvals are completed.
Cleanaway stock traded at 1.88 euros on Lang & Schwarz at 20:29 CET on Tuesday, November 3, 2026; the real-time quote of Cleanaway stock is available online.
Australia's waste and resource recovery sector remains the relevant market setting for the transaction; broader regional equity sentiment can be followed through the S&P/ASX 200 market coverage.
Further corporate developments and investor analysis are available in more news and analyses on Cleanaway stock.
Cleanaway Waste Management
- ISIN: AU000000CWY3
- ASX ticker: CWY
- Lang & Schwarz quote: 1.88 euros on November 3, 2026 at 20:29 CET
- Scheme consideration: AUD 3.095 cash per share, subject to stated adjustments
- Implied enterprise value: AUD 9.3 billion
- Expected implementation: By the end of March 2027, subject to conditions
